KTNG & Partners: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KTNG & Partners
Largest movements
- Tangible fixed assets -€28,442
down €28,442 (-5.2%), from €543,869 to €515,427
of which Land and buildings: -€18,487
- Cash -€7,566
down €7,566 (-22.9%), from €32,967 to €25,401
mainly Debts after one year (-€32,483) and Contributions, distributions and other (-€16,400)
- Debts after one year -€32,483
down €32,483 (-9.4%), from €347,053 to €314,569
- Gross operating margin +€14,457
up €14,457 (+10.8%), from €133,256 to €147,713
- Staff costs +€7,506
up €7,506 (+12.5%), from €60,033 to €67,539
- Other operating charges +€3,253
up €3,253 (+23.9%), from €13,587 to €16,840
- Taxes +€1,838
up €1,838 (+29.6%), from €6,209 to €8,047
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €696,432 | €659,277 | -€37,156 | -5.3% |
| Fixed assets | 21/28 | €543,869 | €515,427 | -€28,442 | -5.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €543,869 | €515,427 | -€28,442 | -5.2% |
| Land and buildings | 22 | €522,867 | €504,379 | -€18,487 | -3.5% |
| Plant, machinery and equipment | 23 | €573 | €292 | -€281 | -49.0% |
| Furniture and vehicles | 24 | €14,346 | €8,082 | -€6,265 | -43.7% |
| Leasing and similar rights | 25 | €4,633 | €1,224 | -€3,409 | -73.6% |
| Other tangible fixed assets | 26 | €1,450 | €1,450 | = | 0.0% |
| Current assets | 29/58 | €152,564 | €143,850 | -€8,714 | -5.7% |
| Amounts receivable within one year | 40/41 | €101,965 | €101,764 | -€201 | -0.2% |
| Trade receivables | 40 | €101,674 | €101,157 | -€517 | -0.5% |
| Other amounts receivable | 41 | €291 | €606 | +€315 | +108% |
| Cash at bank and in hand | 54/58 | €32,967 | €25,401 | -€7,566 | -22.9% |
| Deferred charges and accrued income | 490/1 | €17,632 | €16,685 | -€946 | -5.4% |
| Total equity and liabilities | 10/49 | €696,432 | €659,277 | -€37,156 | -5.3% |
| Equity | 10/15 | €207,988 | €207,007 | -€981 | -0.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €187,988 | €187,007 | -€981 | -0.5% |
| Tax-exempt reserves | 132 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €181,488 | €180,507 | -€981 | -0.5% |
| Amounts payable | 17/49 | €488,444 | €452,270 | -€36,174 | -7.4% |
| Amounts payable after more than one year | 17 | €347,053 | €314,569 | -€32,483 | -9.4% |
| Financial debts | 170/4 | €347,053 | €314,569 | -€32,483 | -9.4% |
| Amounts payable within one year | 42/48 | €140,463 | €137,578 | -€2,885 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €33,819 | €32,483 | -€1,335 | -3.9% |
| Financial debts | 43 | €4,123 | - | -€4,123 | |
| Credit institutions | 430/8 | €4,123 | - | -€4,123 | |
| Trade debts | 44 | €81,213 | €87,608 | +€6,395 | +7.9% |
| Suppliers | 440/4 | €81,213 | €87,608 | +€6,395 | +7.9% |
| Taxes, remuneration and social security | 45 | €19,309 | €17,487 | -€1,822 | -9.4% |
| Taxes | 450/3 | €9,247 | €5,193 | -€4,054 | -43.8% |
| Remuneration and social security | 454/9 | €10,062 | €12,293 | +€2,232 | +22.2% |
| Other amounts payable | 47/48 | €2,000 | - | -€2,000 | |
| Accrued charges and deferred income | 492/3 | €928 | €123 | -€806 | -86.8% |
| Remuneration, social security and pensions | 62 | €60,033 | €67,539 | +€7,506 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,884 | €28,442 | -€442 | -1.5% |
| Other operating charges | 640/8 | €13,587 | €16,840 | +€3,253 | +23.9% |
| Gross operating margin | 9900 | €133,256 | €147,713 | +€14,457 | +10.8% |
| Operating profit (loss) | 9901 | €30,752 | €34,892 | +€4,140 | +13.5% |
| Financial income | 75/76B | €3 | €2 | -€2 | -53.3% |
| Recurring financial income | 75 | €3 | €2 | -€2 | -53.3% |
| Financial charges | 65/66B | €12,363 | €11,427 | -€936 | -7.6% |
| Recurring financial charges | 65 | €12,363 | €11,427 | -€936 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €18,392 | €23,466 | +€5,074 | +27.6% |
| Income taxes | 67/77 | €6,209 | €8,047 | +€1,838 | +29.6% |
| Profit (loss) for the period | 9904 | €12,183 | €15,419 | +€3,236 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,183 | €15,419 | +€3,236 | +26.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.